HSBC Bank
An Unsecured loan with an advertised rate
Advertised Rate
12.99% p.a. Fixed
Comparison Rate
13.54% p.a.
Borrowing Range
$5,000 to $50,000
Interest & Loan Security
Rate Type
Fixed
Comparison Rate
13.54% p.a.
Loan Term
1 to 5 Years
Advertise Rate
12.99% p.a. Variable
Loan Security
Unsecured
Borrowing Range
$5,000 to $50,000
Fees
Establishment Fee
$175 one off
Loan Service Fee
$0 per month
Early Repayment Fee
$0 per month
Late Payment Fee
N/A
Why choose First Option Bank
Lower Interest Rates
Fast Application
No Hidden Fees
5 Minute Application
Simple and Flexible
Personalised Rates
Target Market for the HSBC Personal Loan
The HSBC Personal Loan is designed for customers likely to meet the following objectives, needs, financial situation, and eligibility criteria:
Objectives and Needs
Customers may have one or more of the following objectives and needs:
Require a personal loan to:
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achieve various life goals such as buying a car, property renovation, paying for a wedding, education, or holiday.
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Want to consolidate debts or help manage cash flow.
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Prefer not to provide security over any assets, as the loan does not require collateral.
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Desire the ability to pay off the loan over a chosen timeframe and make additional repayments.
Financial Situation
Customers should meet all of the following financial conditions:
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Require a credit facility between $5,000 and $50,000.
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Earn a regular income.
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Have a good credit rating and not be experiencing financial hardship or stress, as identified through credit bureau checks at the time of application.
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Be able to make the fixed monthly repayments without experiencing financial hardship.
Eligibility Criteria
To qualify for a personal loan, customers must meet the following criteria:
Be aged 18 years or older.
Be an existing HSBC Australia customer for at least 12 months, have an existing mortgage with HSBC, or hold HSBC Premier status at the time of application.
Be an Australian resident.
Earn a regular income of at least AUD 40,000 per year before tax.
Have a good credit rating and not be experiencing financial hardship or stress, as identified through credit bureau checks at the time of application.
Be able to service the proposed loan in accordance with HSBC’s lending criteria and responsible lending obligations at the time of application.
Prefer phone calls?
We welcome your feedback. Reach out to one of our knowledgeable support team members today.
Compare rates, features, and inquire about any concerns.
Over 100 trained personnel, all situated in NSW.
First Option Bank helpline number
+61 485 901 392
Over Australia
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When I discover a more cost-effective electricity plan, how do I change energy providers?It’s simple, we handle everything for you. Just choose your new energy plan, fill out your details on our website, and we'll forward them to your new energy provider to set up your new account. They'll inform your current provider of the cancellation, ensuring a seamless transition without any interruption to your service.
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What is the timeframe for transitioning to a new energy provider?Completing the online process will only require a few minutes of your time. Enter your details here, and we'll promptly send them to your new provider to establish your account and to your current energy retailer to terminate your existing one. Typically, they process the paperwork within 24 hours. However, the transition won’t occur until after your current retailer conducts a final meter reading to issue a last bill. Given that energy retailers typically read meters every 3 months, the transition to your new retailer may take up to that duration.
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When switching electricity providers, is there a need for new wiring or meter replacement?No, there is no need to change any wiring or meters. The electricity is supplied to your residence by an electricity distributor, who is responsible for maintaining the electricity grid in your locality. All electricity providers offer plans that are delivered through the same distributor. When you switch providers, the only change is the name of the company on your bills and the associated charges for your electricity.
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Is it possible to purchase electricity directly from a distributor?Purchasing electricity directly from an electricity distributor is not an option; it must be obtained through an electricity retailer (provider).
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When I switch energy providers, will there be any interruption to my gas, electricity, or solar services?Your electricity or gas supply will remain uninterrupted. This is because they are still provided by the same energy distributor. The only change is the name of the energy retailer responsible for issuing your energy bills.
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Does this comparison and switching service come at no cost?Correct. It won't cost you anything. We receive a commission from your new gas and electricity provider. Although our service is offered to you at no cost, it's advisable to inquire with your current supplier(s) regarding potential exit fees.
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